Saudi Arabia starts IPO of state-run oil firm Aramco

Business Nov 3, 2019

Saudi Arabia starts IPO of state-run oil firm Aramco

Saudi Arabia formally started its long-anticipated initial public offering of its state-run oil giant Saudi Aramco on Sunday, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of dollars for the kingdom. An announcement from ...

SoftBank plans $5 billion in rescue financing for WeWork

Business / Corporate Oct 17, 2019

SoftBank plans $5 billion in rescue financing for WeWork

SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments. The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with ...

Editorials Sep 30, 2019

The WeWork IPO didn't work

For all the flaws in WeWork's ambitions, the system worked. Public scrutiny laid bare the gap between WeWork's ambitions and its reality.